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Sep 30, 2023
Bright Horizons Q3 2023 Earnings Report
Bright Horizons' Q3 2023 financial performance was marked by revenue growth and increased profitability.
Key Takeaways
Bright Horizons reported a strong third quarter with a 20% increase in revenue to $646 million and a 123% increase in diluted earnings per share to $0.69. The company's Full Service and Back-Up Care segments were key drivers of this growth.
Revenue increased by 20% to $646 million compared to Q3 2022.
Income from operations increased by 71% to $67 million.
Net income increased by 119% to $40 million, with diluted earnings per share rising by 123% to $0.69.
Adjusted EPS increased by 33% to $0.88.
Revenue by Segment
Forward Guidance
Bright Horizons expects fiscal year 2023 revenue to be in the range of $2.375 billion to $2.4 billion, and diluted adjusted earnings per common share to be in the range of $2.73 to $2.78.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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